Macerich Declares The Quarterly Dividend On Its Common Shares

Rhea-AI Summary

The Macerich Company (NYSE: MAC) announced a quarterly cash dividend of $.15 per share, to be paid on December 3, 2020. Stockholders of record will be those on file as of the close of business on November 9, 2020. Macerich is a self-managed REIT specializing in the acquisition and management of regional malls across the United States, owning 51 million square feet of real estate in key markets including the West Coast and Metro New York. The company has maintained a strong sustainability record, ranking #1 in the North American Retail Sector for five consecutive years (2015-2019).

Positive

• Quarterly cash dividend of $.15 per share reflects company confidence.
• Macerich has a strong presence in major markets, which can drive future growth.

Negative

• None.

SANTA MONICA, Calif., Oct. 29, 2020 /PRNewswire/ -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.15 per share of common stock.  The dividend is payable on December 3, 2020 to stockholders of record at the close of business on November 9, 2020.  

Macerich, is a fully integrated self-managed and self-administered real estate investment trust (REIT), which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor.  A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years 2015 – 2019. Additional information about Macerich can be obtained from the Company's website at www.Macerich.com.

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SOURCE Macerich Company

FAQ

When will the dividend for MAC be paid?

The dividend will be paid on December 3, 2020.

What is the amount of the quarterly dividend declared by MAC?

The quarterly dividend is $.15 per share.

Who is eligible to receive the dividend from MAC?

Stockholders on record as of the close of business on November 9, 2020, are eligible.

What business does Macerich focus on?

Macerich focuses on acquiring and managing regional shopping malls in the U.S.

How much real estate does Macerich own?

Macerich owns 51 million square feet of real estate.